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Shippers importing goods into the United States from Asia have been allotting more cargos to the US East and Gulf coasts in an effort to avoid congestion and diversify their risk ahead of potential industrial action at USWC ports, sources said. The shift comes as many North American ports continue to grapple with vessel lineups ...
Some further strengthening was seen over the course of the week for trans-Pacific premiums as many US-based importers continued booking cargoes to the US East Coast, rather than face the uncertainty of labor negotiations on the US West Coast. This has only served to fuel a currently worsening situation on the East Coast, with higher ...
All-inclusive container shipping rates from North Asia to North America fell sharply in the week ending March 3 amid pushback from shippers as bearish macroeconomic factors began to weigh on sentiment. Premium service fees for shipments from North Asia to both the East Coast and West Coast of North America were pegged at $1,000/forty-foot-equivalent unit ...
President Biden announced March 1 new initiatives that will ramp up regulatory oversight of the container shipping industry, calling it a contributor to consumer price inflation through the use of capacity-sharing alliances among the major shipowners. “When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family ...
All-inclusive container shipping rates from North Asia to North America held steady in the week to Feb. 25, but shipping lines were more bullish as cargo loading in China ramped up towards the end of the month. Space on ships was still sometimes available from North Asia on a Freight All Kinds Basis, assessed by ...